The bills seek to, among others, create a central revenue service that will collect all government revenues, including those currently being collected by agencies like the customs and the ports authority.
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PREMIUM TIMES reports that President Tinubu sent the four bills to the National Assembly as part of efforts to overhaul Nigeria’s tax system. The bills seek to, among others, create a central revenue service that will collect all government revenues including those currently being collected by agencies like the customs and the ports authority. The bills also seek to allocate more VAT revenues to states but would allow states where the VATs are generated to get the lion’s share.
While we commend the Governors and traditional rulers for supporting President Bola Tinubu over the success recorded in addressing the country’s security challenges, we consider it necessary to address the misunderstandings and misgivings around the tax reform already embarked upon by the administration.
Second, the Nigeria Tax Administration Bill proposes new rules governing the administration of all taxes in the country. Its objective is to harmonise tax administrative processes across federal, state and local jurisdictions for ease of compliance for taxpayers in all parts of the country. It is instructive to note that these proposed laws will not increase the number of taxes currently in operation. Instead, they are designed to optimise and simplify existing tax frameworks.
At the moment, tax administration lacks coordination among federal, state, and local tax authorities, often resulting in overlapping responsibilities, confusion, and inefficiency. Without reform, this inefficiency will persist. On the proposed derivation-based VAT distribution model, which the Northern Governors oppose, it must be stressed that the new proposal, as enunciated in the Bill, is designed to create a fairer system.
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